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- 1. Multiple ChoiceHow many people can be in a partnership?22-102-20Unlimited
- 2. Multiple Choice
If you have full responsibility for your business debts this is known as ...
Unlimited Liability
Limited Liability
Personal Liability
- 3. Multiple Choice
The term for money invested in a business is ...
Finance
Capital
Investment
Loan
- 4. Multiple Choice
A _____ is owned and operated by one individual; an example would be a plumber.
franchise
partnership
sole propietorship
corporation
- 5. Multiple Choice
A _____ is the right or license to sell a company's product or service at a designated location; an example would be McDonalds.
franchise
partnership
sold prprietorship
corporation
- 6. Multiple Choice
What type of business is owned by stockholders who share the business's profits?
Corporation
Partnership
Cooperative
Sole Proprietorship
- 7. Multiple ChoiceWho is limited liability an advantage to?ShareholdersStakeholdersSole traders
- 8. Multiple ChoiceCompanies with "Ltd" in the name are...Public Limited companiesPrivate Limited comanies
- 9. Multiple ChoiceCompanies with "PLC" in the name are...Public Limited companiesPrivate Limited comanies
- 10. Multiple ChoicePrivate and Public Limited companies both haveUnlimited LibailityLimited libaility
- 11. Multiple Choice
Anyone can own shares in this type of company
Private Limited Company
Public Limited Company
- 12. Multiple ChoiceLimited Liability means...shareholders are only responsible for the amount they agreed to invest in the companyshareholders are personally responsible for the debts of a companyliability is limited to 50 shareholders with the most investment in the company.
- 13. Multiple ChoiceWhat is a franchise?When a person buys from a businessWhen a person buys the rights to a businessWhen a person owns a new businessWhen a person sues a business
- 14. Multiple ChoiceWhich of the following Ownerships have unlimited liabilitySole Trader, PartnershipPublic Limited Company, Sole TraderPrivate Limited Company, PartnershipPrivate Limited and Public Limited Companies
- 15. Multiple ChoiceTrue or False:
Sole Traders have Limited liabilityTrueFalse - 16. Multiple ChoiceTrue or False:
Sole trader businesses are easy to set up.TrueFalse - 17. Multiple Choice
What is a business angel?
entrepreneurial individuals who provide capital in return for a proportion of a companies revenue
A bank who loans money with no interest
A wealthy individual who gives money to a business
- 18. Multiple Choice
What is crowdfunding?
Charity event within a company raising money for a certain campaign
The process of raising money as a group for a project
when a company hires a certain amount of people outside a business to fund a project
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